Question
After examining and analyzing the information provided, create a document in MS Excel to complete the following exercise: A. Perform the trial balance. B. Prepares
After examining and analyzing the information provided, create a document in MS Excel to complete the following exercise: A. Perform the trial balance. B. Prepares the income statement. C. Prepares the owner's statement of owner equity. D . Prepare the balance sheet.
En Camino Real, Inc. los balances de las cuentas son los siguientes:
| Cuenta | Balance |
| Efectivo (cash) | 425,000 |
| Seguro prepagado (prepaid insurance) | 14,000 |
| Materiales (supplies) | 15,000 |
| Equipo (equipment) | 27,000 |
| Cuentas por cobrar (accounts receivable) | 123,000 |
| Notas por pagar (notes payable) | 53,600 |
| Cuentas por pagar (accounts payable) | 26,500 |
| Carmelo Ruiz, capital | 228,100 |
| Carmelo Ruiz, retiro (drawing) | 20,000 |
| Ingresos (fee earned) | 896,300 |
| Gasto de utilidades (utilities expense) | 9,000 |
| Gastos de salario (salary expense) | 536,000 |
| Gastos de publicidad (advertising expense) | 3,500 |
| Gastos de renta (rent expense) | 32,000 |
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
